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Title: Financial Services/Mortgages/News and Media - Mortgage Daily Online news publication. Includes articles on fraud, lawsuits, current production, employment and sales. [Requires paid subscription]
Mortgage_News_Daily Provides news and rates for consumers. Includes current headlines and monthly archives. [more]

Mortgage_Originator_Magazine Online version of the monthly magazine. Features articles, editorials, industry news, annual resource directory, company profile, media kit. [more]

Mortgage_Technology Publication addressing the influence of technology on the industry. Includes featured story, tech awards, buyer's guide, glossary. [more]

National_Mortgage_News Weekly newspaper serving the industry in the US and internationally. Features news, analysis, trends and events, buyer's guide, regulations updates. [more]

Origination_News Monthly news magazine for the mortgage origination business. Presents featured story, sample issue, archive. [more]

Originator_Times Online publication for includes breaking news, featured articles, interest rate projections and industry press releases. [more]


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Latest Mortgage News Headlines

Last Updated Saturday, November 22, 2008 Most Read past 7 days Mortgage Video News PFF Finished, Downey Dead The failure of two California-based thrifts will cost the government insurance funds more than $2 billion. Another institution will acquire the assets and deposits of both failed firms -- potentially creating a new No. 6 mortgage lender. (Nov. 24) No. 20 Goes Down The failure of a Georgia bank brings to 20 the number of federally insured banks to be shut down this year. (Nov. 21) Portfolio Trading Eight residential and commercial mortgage portfolios for $1.6 billion that were recently traded or offered were tracked by MortgageDaily.com. Ginnie Mae announced several updates, including an Internet-based payment system. (Nov. 21) DLJ Buys $50 Million in Bogus Loans In a lawsuit filed earlier this month, DLJ Mortgage Capital Inc. claims it was defrauded on $50 million in loans. The bad loans were not uncovered for several years because the defendants allegedly made payments on the fake loans. The mortgage banker who served as the ringleader is currently in prison for bribing a U.S. congressman. (Nov. 21) Subprime Servicer's Ratings Upgraded The company that now operates the former servicing platform of New Century Financial Corp. saw its servicer rating upgraded. (Nov. 21) Thrift Industry Battered Residential originations and mortgage holdings were down sharply at U.S. Thrifts, according to quarterly data reported by their regulator. The sector has had more than $10 billion in collective losses this year. One bright spot, however, was an improvement in late payments. (Nov. 21) Over 500 Wholesale Citi Employees Spared Layoffs Amid more than 50,000 casualties, 500 CitiMortgage wholesale employees were spared job losses. The company's parent is reportedly considering a major sale. (Nov. 20) Conforming Foreclosures Suspended Delinquent borrowers on conforming mortgages were given an early gift for the holidays. (Nov. 20) Modification Nation Two organizations praised improvements to modification programs for conforming and government-insured loans. Two other firms are warning about the modification process and its players, while two service providers are offering products to help make the modification process easier for servicers. (Nov. 20) Banks Continue to Tap CPP Utilization of the Treasury's capital purchase program continues to be brisk -- with most institutions promising to use the funds to strengthen community activity. The program taps into available funds from the $750 billion Troubled Asset Relief Program. (Nov. 20) Yields on Treasuries Tumbling Yields on long- and short-term Treasuries are tumbling -- pushing rates lower on fixed- and adjustable-rate mortgages. One forecast has the 30-year staying put through next year. (Nov. 20) GMAC Submits Bank Application to Fed Depositors and taxpayers could fund home loans and car loans if GMAC Financial Services' application to become a bank-holding company is approved. The move has the potential to positively impact the mortgage industry more than any other action under the Troubled Asset Relief Program. (Nov. 20) FHLB Performance Holding Up Quarterly earnings were down at the Federal Home Loan Banks. But compared to massive losses at rival government sponsored enterprises -- the FHLB looked pretty solid. (Nov. 19) H4H Gets Better The government's program to refinance delinquent mortgages into affordable government-insured loans has been enhanced. Among the improvements are increased loan-to-values, extended loan terms and immediate compensation for junior lienholders. (Nov. 19) Wave of Subprime Downgrades Coming Deteriorating performance on loans backing subprime residential mortgage-backed securities will likely lead to a new wave of ratings downgrade. (Nov. 19) Lenders Testify Against Cramdowns Mortgage bankers reiterated their opposition to cramdowns in testimony before Congress. They warned that allowing bankruptcy judges to modify mortgages could lead to tighter standards, higher interest rates and lower loan-to-values -- even on government programs. (Nov. 19) Wrath of the Regulators Bank regulators issued a cease-and-desist order against a German-based bank, filed a stipulation-and-consent order against the former chief of a Pennsylvania bank and reached agreements with two other banks. Fannie Mae was warned about its share price by exchange officials. (Nov. 19) Thornburg Defaults on Notes Thornburg Mortgage Inc. missed a Nov. 15 payments on some of its senior notes. (Nov. 19) Purchase Production to Plummet Purchase originations next year are expected to fall to their lowest level in more than a decade. (Nov. 19) HSBC Closes Indirect Channels HSBC's mortgage unit will no longer accept business from mortgage brokers and mortgage banking correspondents. More than 300 employees are impacted by the move. (Nov. 18) Billion Dollar Player Emerging A Washington-based lender is becoming a $1 billion player. Business is generated through mortgage brokers and net branches. NetMore America Inc. today reported approximately $100 million in loan originations during October. Production has soared from just $14 million for all of 2007. (Nov. 7) read full story 2009 FHA Limit Set Emergency economic legislation temporarily increased the limit on loans insured by the Federal Housing Administration. But that increase is set to expire this this year. However, other legislation made permanent increases to maximum FHA loans. H.R. 5140, the Economic Stimulus Act of 2008, was signed by President Bush on Feb. 13. . Among other provisions, it temporarily raised -- until Dec. 31, 2008 -- the FHA limit in high-cost areas to $729,750. Prior to the legislation, the FHA limit was $362,790. (Nov. 10) read full story Revised RESPA Rules Released The U.S. Department of Housing and Urban Development released its first revision to the Real Estate Settlement Procedures Act in 30 years. The new form requires disclosure of yield spread premiums paid to mortgage brokers. (Nov. 12) Fannie Updates Appraisal Procedures Fannie Mae has updated its policies and procedures on appraisal procedures. Among the updates is a new appraisal form. (Nov. 14) Biggest U.S. Mortgage Lenders Mergers and acquisitions are shaking up the standings of the biggest mortgage originators and will continue to reshape rankings through next year. (Nov. 17) complete archive of mortgage business news for mortgage bankers Loan Modifications $100k Opportunity Helping Your Clients Save Their Homes Avoid Foreclosure Reduce principle & interest. Homes saved. Call an attorney now! Branch: WA/OR 100% $400/file FHA/VA, NO YSP www.wafipartners.com Mortgage ComplianceFree newsletter about compliance, legal issues & litigation. TARP Analysis White paper on new law that enables Treasury to buy $700B in mortgages. CA Home Loan Mortgage Programs Home Buy/Refinancing Trusted Lenders Mortgage Statistics Residential & subprime origination, servicing and foreclosure data. Mortgage Graveyard Journal of failed, ailing and acquired lenders. Foreclosure Guide Foreclosure prevention news, organizations, links & resources. Sales BlogOriginate & close more loans with stories from CloserBlog.com Mortgage News Feed Free mortgage news feed for RSS readers. mortgage industry news for your handheld computer Wireless mortgage industry news news for PDAs & Blackberrys. free mortgage industry news Mortgage Broker News -- free. Mortgage Broker News Free mortgage news for mortgage brokers. Originator Jobs Find loan officer positions at MortgageBoard.net www.MortgageDaily.com Reach Mortgage Executives and Mortgage Brokers subscribe | mortgage ads | newsletter | mortgage news feed | contact us | about us | privacy | archives | site map www.MortgageDaily.com Copyright © 1999 - 2008
 

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